SUBSEQUENT DISBURSEMENT Sample Clauses

SUBSEQUENT DISBURSEMENT. The I-81 Holdback Amount shall be disbursed to or for the benefit of, and as directed by, Borrowers, within five (5) Business Days after Borrowers’ request to Administrative Agent after each condition set forth in subsection (a) below has been satisfied. The Torrey Reserve Holdback Amount shall be disbursed to or for the benefit of, and as directed by, Borrowers, within five (5) Business Days after Borrowers’ request to Administrative Agent after each condition set forth in subsection (b) below has been satisfied. Any remaining portion of the Aggregate Holdback, if any, may be disbursed, if at all, in one or more disbursements, to or for the benefit of, and as directed by, Borrowers, within five (5) Business Days after Borrowers’ request to Administrative Agent after each condition set forth in subsection (c) below has been satisfied.
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SUBSEQUENT DISBURSEMENT. Lender shall make a subsequent disbursement of the Loan to pay the amounts due to the Class A Shareholders of JQH, Inc. (prior to the effective date of the Merger) which have elected appraisal rights in connection with the Merger, such subsequent disbursement not to exceed $10,437,600. The obligation of Lender to make such subsequent disbursement is subject to the satisfaction or waiver of the conditions set forth below:
Sample 1
SUBSEQUENT DISBURSEMENT. Concurrently with the acquisition of the Bear Mountain Arvin Property, Lender has agreed to make a Subsequent Disbursement under Note A in the amount of $21,138,196.00. Following such Subsequent Disbursement, the total Note A Disbursements advanced will be $87,470,194.21.
Sample 1
SUBSEQUENT DISBURSEMENT. Pursuant to the Funding Agreement, provided neither the LAA nor the Landlord is in default under (1) the Funding Agreement, (2) this Contract or (3) any Program Requirements, the Authority shall authorize disbursement of funds from the Allocation (for Rental Assistance and otherwise) prior to the beginning of each calendar quarter during the Term of this Contract; subject to reconciliation of LAA data submitted during the expiring quarter and confirmation of the LAA’s continued performance under the Funding Agreement for the same time period.
Sample 1

Related to SUBSEQUENT DISBURSEMENT

  • Loan Commitment Disbursement to Borrower Except as expressly and specifically set forth herein, Lender has no obligation or other commitment to loan any funds to Borrower or otherwise make disbursements to Borrower. Borrower hereby waives any right Borrower may have to make any claim to the contrary.

  • Single Disbursement to Borrower Borrower shall receive only one borrowing hereunder in respect of the Loan and any amount borrowed and repaid hereunder in respect of the Loan may not be reborrowed.

  • Monthly Disbursements On or before the fifth (5th) day of each calendar month, during the design and construction of the Tenant Improvements (or such other date as Landlord may designate), Tenant shall deliver to Landlord: (i) a request for reimbursement of amounts paid to the “Contractor,” as that term is defined in Section 4.1.1 of this Tenant Work Letter, approved by Tenant, in a commercially reasonable form to be provided by Landlord, showing the schedule, by trade, of percentage of completion of the Tenant Improvements in the Premises, detailing the portion of the work completed and the portion not completed; (ii) invoices from all of “Tenant’s Agents,” as that term is defined in Section 4.1.2 of this Tenant Work Letter, for labor rendered and materials for the Premises; (iii) executed mechanic’s lien releases, as applicable, from all of Tenant’s Agents which shall comply with the appropriate provisions, as reasonably determined by Landlord, of California Civil Code Section 3262(d); and (iv) all other information reasonably requested by Landlord. Tenant’s request for payment shall be deemed Tenant’s acceptance and approval of the work furnished and/or the materials supplied as set forth in Tenant’s payment request. Within forty-five (45) days thereafter, Landlord shall deliver a check to Tenant made payable to Tenant in payment of the lesser of: (A) the amounts so requested by “tenant as set forth in this Section 2.2.3.1, above (or, subject to the terms of Section 4.2.1, below, a percentage thereof), and (B) the balance of any remaining available portion of the Tenant Improvement Allowance, provided that Landlord does not dispute any request for payment based on non-compliance of any work with the “Approved Working Drawings,” as that term is defined in Section 3.5 below, or due to any substandard work. Landlord’s payment of such amounts shall not be deemed Landlord’s approval or acceptance of the work furnished or materials supplied as set forth in Tenant’s payment request.

  • Expense Reimbursement The Executive shall be entitled to receive reimbursement for all appropriate business expenses incurred by him in connection with his duties under this Agreement in accordance with the policies of the Company as in effect from time to time.

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

  • Termination; Advance Payments Upon termination of this Lease pursuant to Paragraph 6.2(g) or Paragraph 9, an equitable adjustment shall be made concerning advance Base Rent and any other advance payments made by Lessee to Lessor. Lessor shall, in addition, return to Lessee so much of Lessee's Security Deposit as has not been, or is not then required to be, used by Lessor.

  • Disbursement of Advance Subject to the provisions of this Agreement, the Agent shall on each Drawdown Date pay to the Borrower the amounts which the Agent receives from the Lenders under Clause 4.5; and that payment to the Borrower shall be made:

  • Disbursement 7.1.1 Subject to the availability of sufficient moneys in and from the Funding Source based on Agency’s reasonable projections of moneys accruing to the Funding Source, Agency will disburse Grant Funds to Grantee for the allowable Project activities described in Exhibit A that are undertaken during the Performance Period.

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